Common use of No Fractional Shares or Scrip Clause in Contracts

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, the Company shall make a cash payment therefor equal to such fraction multiplied by the then fair market value of one share of Common Stock.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the basis of the then fair market value of one share of Common Preferred Stock.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the basis of the then fair market value of one share of Common Stock.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor in an amount equal to such fraction the product of (a) the Exercise Price then in effect multiplied by (b) the then fair market value fraction of one share of Common Stocka share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the then-fair market value of one share of Common Preferred Stock.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor in an amount equal to such fraction multiplied by the then product of (a) the current fair market value of one share (1) Common Share determined in accordance with Section 3(a) multiplied by (b) the fraction of a Common StockShare that would otherwise be issuable hereunder.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of the Warrant provided for in this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the fair market value of one share of Common Stockthe share, as determined in accordance with Section 3.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this AgreementWarrant, but in lieu of such fractional shares, Shares the Company shall make a cash payment therefor equal to such fraction multiplied by on the then basis of the fair market value of one share of Common Stockdetermined in accordance with SECTION 4.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this AgreementWarrant, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the basis of the then fair market value of one share of Common Capital Stock.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor in an amount equal to such fraction multiplied by the product of (a) the then fair market value of one share of Common StockStock multiplied by (b) the fraction of a share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this AgreementWarrant, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by on the then basis of the fair market value of one share the Company's Common Stock as determined in good faith by the Company's Board of Common StockDirectors.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such any fractional shares, share the Company shall make a cash payment therefor in amount equal to (a) such fraction fraction, multiplied by (b)(i) the then then-fair market value of one share of a Common StockShare as determined in accordance with Section 3(b) above, minus (ii) the then-effective Exercise Price.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this AgreementAgreement pursuant to clause (ii) of Section 3(a), but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the positive difference (if any) between the fair market value of one a single share of Common StockPreferred Stock and the Exercise Price then in effect.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this AgreementOption, but shall either be paid in lieu of such fractional shares, cash at the Company shall make a cash payment therefor equal to such fraction multiplied by the then fair market value of one share of Common Stockthereof or shall be rounded down to the nearest Share, as determined by the Board.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreementhereunder, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by therefore on the basis of the Share Price then fair market value of one share of Common Stockin effect.

No Fractional Shares or Scrip. No fractional shares Shares or scrip representing fractional shares Shares shall be issued upon the exercise of this Agreement, but should any fractional Share interest arise, then in lieu of such fractional shares, Share the Company shall make a cash payment therefor in an amount equal to such fraction multiplied by the then product of (a)(i) the then-fair market value of one share Share (determined in accordance with Section 3(a) above, less (ii) the Exercise Price then in effect, multiplied by (b) such fraction of Common Stocka Share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the basis of the then fair market value of one share of Common StockStock (as determined in accordance with Section 3(a) on the effective date of such exercise).

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to upon the basis of the Current Fair Market Value of such fraction multiplied by the then fair market value of one share of Common Stockfractional share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor in an amount equal to such fraction multiplied by the then product of (a) the current fair market value of one a share of Common StockStock (as determined Section 3(a) above) then in effect multiplied by (b) the fraction of a share.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in Warrant. In lieu of such any fractional sharesshare to which the Holder would otherwise be entitled, the Company shall make a cash payment therefor equal to such fraction multiplied by the then fair market value of one Fair Market Value per share of Common StockStock multiplied by such fraction.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor in an amount equal to such fraction the product of (a) the Exercise Price then in effect multiplied by (b) the then fair market value fraction of one a share of Common Stock.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, the Company shall make a cash payment therefor equal to such fraction multiplied by the then fair market value of one share of Common Stock. SECTION 6.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the fair market value of one share of Common Stockand Exercise Price then in effect.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this AgreementWarrant, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the fair market value of one share of the Common Stock.

No Fractional Shares or Scrip. No fractional shares share or scrip representing a fractional shares share shall be issued upon the exercise of this Agreement, but in lieu of any such fractional shares, share the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the fair market value of one share of Common Stockthen in effect.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of the Warrant provided for in this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the then basis of the fair market value of one the share of Common Stockthen in effect.

No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Agreement, but in lieu of such fractional shares, shares the Company shall make a cash payment therefor equal to such fraction multiplied by upon the basis of the then fair market value of one share of Common StockPreferred Stock (as determined in accordance with Section 3(a) above).